Las Vegas, NM Housing Market
Cool MarketMetro-level monthly sale metrics for rental investors — prices, inventory, pace, and negotiation signals. Figures represent the Las Vegas, NM metro area.
Data period: May 2026
Market snapshot
- Median sale price
- $145K
- Median days on market
- 20 days
- Months of supply
- 7.5
- Active inventory
- 75
- Homes sold
- 10
- Sale-to-list ratio
- 96.2%
- Listings with price drop
- 16.0%
- Data month
- May 2026
Pair this view with the rental property calculator, DSCR calculator, and cap rate calculator — or browse all calculators.
Rental Investor Snapshot
Labels below come from monthly sale-market indicators only. True cash flow requires local rent, taxes, insurance, vacancy, and expense assumptions — model those in the rental calculator, then sanity-check against sale-speed signals here.
- Market temperature
- Balanced
- Buyer leverage
- High
- Pricing signal vs. U.S. median
- Easier buy-in vs. U.S. median (price only)
- Investor fit (heuristic)
- Buy-in vs. U.S. · Negotiation
Watch-outs
- Higher months of supply usually improves buyer leverage on price and terms.
Suggested next step: Run a rental property analysis with your own rent, financing, vacancy, and expense assumptions — then sanity-check against this market's sale-speed and negotiation signals.
Cool Market
Buyer activity is slowing, creating more negotiating room.
Las Vegas, NM market summary
The Las Vegas, NM metro area housing market is cooling down. As of May 2026, the median home sale price is $145K, down 55.4% year-over-year. Homes are spending a median of 20 days on the market, 73.3% shorter than a year ago.
There are 75 homes for sale — 10.3% more than last year. With 7.5 months of supply, this is a buyer's market. 30 new listings were added during this period, up 30.4% year-over-year.
Homes are selling for 96.2% of their list price on average, suggesting room for negotiation. 10.0% of homes sell above their asking price. 16.0% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
78
Contributing Factors
How This Market Compares
vs. National Median
vs. New Mexico Median
Investor takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage. High inventory relative to sales pace means buyers have options and sellers may be flexible on price. Prices are 68% below the national median on this sale snapshot — that can mean lower buy-in, but cash flow still depends on local rent, financing, and expenses.
Las Vegas, NM market trends
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Detailed market metrics
Median list price
$349K
Price per sq ft
$129
Sale-to-list ratio
96.2%
Months of supply
7.5
Sold above list
10.0%
Price drops
16.0%
New listings
30
↑ 30.4% YoY
Pending sales
15
Off market in 2 weeks
46.7%
Las Vegas, NM housing market FAQs
What is the median home price in Las Vegas, NM?
For the latest published month, the median sale price in Las Vegas, NM is $145K. Median means half of homes sold above that price and half below — it is a useful benchmark, not a rule for every listing.
Is Las Vegas, NM a buyer's or seller's market?
With about 7.5 months of supply, conditions often favor buyers (inventory is relatively high versus sales pace). That can mean more time to negotiate and compare listings.
How long do homes stay on the market in Las Vegas, NM?
For the latest published month, the median days on market in Las Vegas, NM is 20 days — half of homes went pending faster and half slower.
Is Las Vegas, NM good for rental property investors?
Sale-market stats show how competitive buying is (speed, negotiation, inventory). They do not prove rent performance. Las Vegas, NM can still work for rentals if the numbers work on a deal-by-deal basis — use local rent comps, financing, vacancy, and expenses in the rental property calculator.
How should investors analyze a rental property in Las Vegas, NM?
Start with purchase price, financing, rent, vacancy, operating expenses, and capital repairs. Stress-test rates and rent. Will It Flow’s rental property calculator is built to translate those inputs into cash flow, DSCR, cap rate, and cash-on-cash return for Las Vegas, NM deals.
Compare more New Mexico metro markets
Explore nearby sale-market pace and pricing, then run a shortlist through the rental property calculator.
Las Cruces, NM
$330K · 53d on market
Santa Fe, NM
$645K · 50d on market
Carlsbad, NM
$334K · 29d on market
Alamogordo, NM
$251K · 60d on market
Farmington, NM
$324K · 30d on market
Hobbs, NM
$280K · 14d on market
Taos, NM
$549K · 100d on market
Roswell, NM
$214K · 25d on market
National context
Step up to the U.S. housing market hub for national trends, then browse top metro markets by sales activity.
Underwrite a Las Vegas, NM deal with real numbers
Use Will It Flow for cash flow, DSCR, cap rate, and cash-on-cash return — free and fast.
Housing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.